Rising Bizjet Deliveries Boost Embraer’s 2024 Results
Embraer delivered 130 Phenom and Praetor jets last year, contributing to improved revenues.
High deliveries of the Phenom 300 light business jet were a significant factor behind Embraer’s improved revenues.
Embraer Executive Aircraft Company delivered a large number of Phenom 300 light business jets last year that helped increase revenues.
Other aviation companies are also seeing positive results:
NetJets’ revenues climbed 9.1% over the year. Pre-tax earnings percentages fell amid higher service costs, and lower sales.
IADA welcomes rise in aircraft deliveries, with dealers saying new aircraft deliveries boost the resale market for business aircraft.
Leonardo’s helicopter and defense divisions boosted earnings as the Italian aerospace and defense group grew revenues by 16.2% last year.
However, not all news in the aviation market is positive. Lilium had to close its eVTOL business after new investment fell through.
Other financial events include:
General aviation contributed $339B to the U.S. economy as industry groups released a new analysis showing increasing economic impact.
Pilatus boosted revenues, responding to supply-chain issues. The Swiss manufacturer delivered 153 aircraft in 2024, including PC-12s and PC-24s.
Eviation ‘paused’ the Alice electric aircraft project while seeking new funds, laying off 30 staff last week.
FlyExclusive will acquire Jet.AI’s aviation assets, with Jet.Ai remaining independent and spinning off its aviation business.
